Since crypto currencies are essentially make believe in nature, they are but one press of a button away from catastrophe.

There will come a day, set your watches, where some malware or hacking glitch will destroy the confidence of people in cryto-currencies. For that matter, I am sure that governments around the world are developing means to disrupt and destroy the crypto currency systems.

Can you make money in them? Certainly, but the overall risk of electronic money unbacked by insurance or governments is far too big a risk for me to take seriously.

Yes the system is different in design and somewhat outside what the money masters have erected for us but what most of these people really do not understand is there is no real payment of any type and there fore is just the same old counterfeiting such as we use today from our central banks but it has some perks in it's favor .

People don't understand all modern countries are operating in bankruptcy mode and they have duped everybody into believing legalized counterfeiting is a honest system.

Edit, I love Charles Smith he is great but in the article he states payment, THERE IS NO PAYMENT! This is just another illusion. This is where all these guy's in the honesty movement make a big mistake.

I am hoping people start issuing these backed by real wealth agreements so we can put all this fake money $hit to sleep and people wake up and get their heads out of their a$$'S and understand why this will stabilize society,

Teal Lantern wrote:Plot twist: .gov/deep state/darpa was behind the cryptos all along and once people got comfortable using them, made high denomination currency scarce and outlawed cash for major purchases.

Vietnam's prime minister has approved a plan that could see the country formally recognize bitcoin as a form of payment by 2018.

According to regional news services VNA, Prime Minister Nguyen Xuan Phuc has tasked Vietnam's central bank as well as the Ministry of Finance and the Ministry of Public Safety, to draw up a legal framework around cryptocurrencies.

An assessment for how the government should approach this process is due to be completed by August of next year. Once that is concluded, it's expected that drawing up the legal documents required to recognize cryptocurrencies under a regulatory framework will be completed by the end of 2018.

In tandem, officials will also begin work on a tax treatment for cryptocurrencies. According to VNA, a system governing how cryptocurrency users will be taxed in Vietnam is slated to be in place by June 2019.

If approved, the move would signal that leaders in Vietnam are moving away from the more cautious viewpoint expressed in 2014, when central bank officials warned consumers about the risk of cryptocurrencies.

1)Too much of one thing defeats the purpose.
2)Everybody is full of it. What's your hypocrisy?

Can somebody please explain to me why Crypto Currencies are not just the next tulip bulb mania? Why will crypto currencies replace currencies that are backed by countries? Why should I trust a "currency" that acts like a mania and not a currency? Currencies should be at less volatile than stocks. Maybe I'm a dinosaur and I just don't get it. Please explain.